{"id":9893,"date":"2021-09-14T16:19:40","date_gmt":"2021-09-14T15:19:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9893"},"modified":"2021-09-14T16:35:03","modified_gmt":"2021-09-14T15:35:03","slug":"paxful-crypto-exchange-integrates-lightning-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/paxful-crypto-exchange-integrates-lightning-network\/","title":{"rendered":"Paxful crypto exchange integrates Lightning Network"},"content":{"rendered":"\n
Paxful P2P exchange has integrated the leading Bitcoin scalability solution<\/a> Lightning Network into its platform, providing a near-instant Bitcoin (BTC) payments to its 7 million customers.<\/h5>\n\n\n\n
\"Paxful<\/figure>\n\n\n\n

The new functionality allows users to send and receive BTC from their Paxful Wallet in a matter of seconds, with far cheaper fees than traditional blockchain transactions\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, according to the business.<\/p>\n\n\n\n

Ray Youssef, co-founder and CEO of Paxful, called Bitcoin “the best financial solution,” but recognized that scalability concerns could stymie growth.<\/p>\n\n\n\n

According to him, Bitcoin's Lightning Network has the best chance of achieving the scalability required to make microtransactions a reality.<\/p>\n\n\n\n

According to industry data, the global online microtransaction market was valued at $34.6 billion in 2021 and is predicted to rise at a compound annual growth rate of 10% over the next four years. Microtransactions<\/a> are growing in popularity thanks to the video game industry and the virtual products and services it promotes.<\/p>\n\n\n\n

Lightning Network is being created to make Bitcoin payments easier and to allow users to conduct off-chain transactions fast and reliably through a second layer. At the time of writing, Lightning had over 26,500 nodes and a network capacity of 2,468.93 BTC.<\/p>\n\n\n\n

Bitcoin has built out a strong niche as an investable asset in the absence of a functioning transaction layer. Creating an electronic monetary system, on the other hand, was a major part of Satoshi Nakamoto's 2008 Bitcoin white paper.<\/p>\n\n\n\n

There's a good chance that Lightning Network will become more widely used on the Paxful trading platform<\/a>. The peer-to-peer exchange had processed over $5 billion in volume as of April 2021, with Africa \u2014 a continent that is rapidly adopting Bitcoin as a medium of trade \u2014 emerging as one of its largest marketplaces.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paxful P2P exchange has integrated the leading Bitcoin scalability solution Lightning Network into its platform, providing a near-instant Bitcoin (BTC) payments to its 7 million customers. The new functionality allows users to send and receive BTC from their Paxful Wallet in a matter of seconds, with far cheaper fees than traditional blockchain transactions , according […]<\/p>\n","protected":false},"author":12,"featured_media":9899,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1406,483,4410],"class_list":["post-9893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-crypto-exchange","tag-lightning-network","tag-paxful"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Paxful-crypto-exchange-integrates-Lightning-Network.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9893"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9899"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}